You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

This really simplifies it all.

(You only have to buy as much as you net from the sale, this lowered your n.) 

Hello,Im working with a lender to refinance into a Fanny Freddy mortgage now that I have stabilized my 36 unit complex.They have asked for a CAPEX schedule, and a T-6, in addition to the rent roll. 

We have many efficincies under management with a ~10% vacancy rate with prices ranging from 485-625 depending on location property quality and amenities.

I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment.

This all depends on the property.

I am taking a salesperson license exam this year to get into the industry and use these commissions toward closing costs.

Welcome to BiggerPockets Douglas!

In this case it might be more of a 20/65/15 to get what you need out of selling the 1st.